New Delhi, April 14 -- Gold and silver prices have remained under pressure amid the ongoing US-Iran war, as a stronger US dollar and reduced safe-haven demand continue to weigh on precious metals.
According to market experts, geopolitical tensions generally boost gold as a safe‑haven asset; however, in the current environment, rising oil prices are reinforcing inflation expectations, keeping real yields elevated and supporting the US dollar, which is capping upside in gold and silver.
As a result, gold prices have corrected over 8% since the beginning of the US-Iran war, while silver-being more sensitive to industrial demand and overall risk sentiment-has also fallen over 16%.
COMEX gold rate rose marginally to $4,800 per ounce a...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.